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Dowjones

📉 #Dowjones : Waiting for a Correction ? (READ THE CAPTION)By checking the Dow Jones chart in the daily time frame, we can see that the price is trading in the range of 35320, and I think that after the strong growth that we have seen in the last month, it will finally be stopped to some extent! The range of 35400 to 35700 is an important supply zone and I think the price will be corrected after entering this RANGE! If this is confirmed, I will update this chart and talk about its possible targets in more detail! Everything is clear on the chart and those who know my technical and analytical methods can use it very much! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
CAPITALCOM:US30Short
by ArmanShabanTrading
7
DOW JONES Pull-back or Santa rally?It's more than 2 weeks since we looked into Dow Jones (DJI), giving a bullish rebound signal on the 1D MA50 (see chart below) that quickly hit its target: The price is now significantly above the 0.786 Fibonacci retracement level, which is roughly where the previous bullish wave of March - April took a medium-term pause and pulled-back first to the 1D MA50 (blue trend-line) and then to the 1D MA200 (orange trend-line). The % rise so far though (+9.50%) is almost the same as April's (+9.03%). With the 1D RSI however printing a sideways sequence on the 70.00 overbought mark, very similar to April's, it is worth attempting now a sell targeting the 1D MA50 and the 0.382 Fibonacci level at 34300. Since however we are very close to the (seasonaly bullish) Christmas period, if Resistance 1 (35700) breaks, we will take the loss on the short and instead buy towards the top of the 12 month Channel Up and target 36300, as part of the so called Santa's rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
DOW JONES showing a Bearish Divergence. Expect correction soon.Dow Jones is extending the rally since the October 27th bottom, which was a HL of the dominant Channel Up pattern. The 1D technical outlook is overbought (RSI = 71.474, MACD = 390.490, ADX = 67.776) but the difference maker on the technical field is the CCI metric. Being also overbought over 100.00, it is showing a Bearish Divergence, which was present on the last three short term corrections since the March 15th Channel Up HL. Common characteristic on all three was that the High was formed halfway through the CCI Bearish Divergence and the correction that followed always hit the 1D MA50. Consequently, we expect a correction to start as soon as next week, that will target the 1D MA50, before the Christmas rally begins. Currently the estimated pullback target is at 34,450. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
DOW Elliott Wave Analysis for Thursday 23/11/2023We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn down from the current area, we will favor the bearish scenario in the higher time frame.
OANDA:US30USD
by AndyCuckoo
US30 HTF Analysis Nov 21st 2023It's been a while since I've done a US30 trades analysis & predictions but to get back into it we're gonna look from where I left off. Since August 2023 US30 has been in a steady downtrend till early October. This was a result of the FEDs not giving any clarity as to when rates would begin to decrease and other geo-political impacts. We then began to see some exhaustion on higher timeframes approaching previous lows of 33000. Feds then began holding rates steady, appealing to smart money and letting us know that rates may potentially decrease in the near future. Evidently, as a result of this and geo-political tensions between Israel and Palestine, since late October, we began to see buyers flooding into the market after a double-bottom rejection of key level 33000 on higher time frames. Price is now sitting just above key level 35000 and slightly under the previous highs of 35000. This indicates to us that we could begin to see this bull run slow down and potential sells but not before either a rejection of 35500 or a break below 35000. Otherwise, we can continue to look for buys to previous All-Time-Highs if we break and begin trading above 35500.
CAPITALCOM:US30
by Itskaleel
DOW JONES 💸 DOW JONES 💸 Chart : 1Hour Overall Trend : Bullish Current Market Structure : Consolidation Scenario 1 : •Market is overall bullish , let’s see if our 1H demand area holds & is respected . For possible Longs positions taken if the SWING LOW is not Broken , Targeting 35100 . Scenario 2 : • If we do get a break BELOW our swing low , we could look for possible Short positions in the market . Anticipating price to fill the imbalance in the market . Target being 34400.
CAPITALCOM:US30
by Brehayne_
Dow Jones Index (US30): Top-Down Analysis & Trading Plan Dow Jones Index is consolidating on a key daily horizontal resistance. Analysing an intraday price action, we can spot a horizontal range on a 4H. I would suggest waiting for a breakout of the support of the range - 4H candle close below 34760 - as a solid bearish confirmation. A bearish continuation will be expected at least to 34500 then. Bullish violation of the resistance of the range will make the setup invalid. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Short
by VasilyTrader
3
Quantitative Tightening Effects on the Markets This video tutorial discussion: • What is QE and QT? • Each impact to the stock market • The latest QT, how will the stock market into 2024? Dow Jones Futures & Its Minimum Fluctuation E-mini Dow Jones Futures 1.0 index point = $5.00 Code: YM Micro E-mini Dow Jones Futures 1.0 index point = $0.50 Code: MYM Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
FRED:WALCLEducation
by konhow
2
US30 forecast, shortThe Dow Jones Industrial Average (DJIA), Dow Jones or the Dow for short tracks the performance of 30 of the biggest companies in the US including Boeing, Intel, and Dow. It’s often used as a barometer for the overall performance of the country’s equity markets. Historically it’s one of oldest and most followed indices. The chart is a useful measure of US economic health. Follow the Dow Jones live with the real-time chart and view the latest Dow forecasts, news and analysis. Key pivot points and support and resistance will help you trade the Dow Jones today and into the future
BLACKBULL:US30Short
by GrandeMaster
US30: Anticipating Retracement to 34,300 SupportThe US30 has been on a remarkable bullish streak, surging toward monthly resistance levels. As historical data suggests, these levels often trigger retracements. With the current bullish momentum showing signs of exhaustion, a retracement to the key support level at 34,300 appears likely. Monthly resistance has been consistently hit, signaling a potential reversal. This analysis is based on historical price action, technical indicators, and personal interpretation. Always conduct thorough research before making trading decisions.
CAPITALCOM:US30Short
by DennisDims
DOW Elliott Wave Analysis for Friday 17/11/2023 We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn down from the current area, we will favor the bearish scenario in the higher time frame.
OANDA:US30USD
by AndyCuckoo